Liquidity Raid - Stop HuntLiquidity Raid - Stop Hunt
The market always seeks liquidity. Liquidity rests above previous highs and below previous lows as many traders see these as obvious points to place their stops. These are areas in the chart where many orders are placed together and serve as tipping points for market makers.
The script marks the breach of a market structure high/low with a vertical line. The script has the option to show the current W,D,4H & 1H market structure high and low.
How to use:
Once a raid occurs, use a higher timeframe to search for high probability supply and demand zones. Price needs to react to something. You may have multiple breaches before a reversal happens as price is likely looking for fresh(untested) zones. So don't trade blindly.
A good understanding of supply and demand concepts, odds enhancers, and how to identify fresh levels is expected to utilise it's full potential.
Lines and colours are all customizable
Alerts function included.
Indicator in use:
Marketstructure
NASDAQ Advance/Decline Line 1.0NASDAQ Advance/Decline Line is a Market Breath indicator.
Brought to you by IQ-trading (Andrei Bogdan) via Trading View Pine script. If you find this helpful in anyway, please leave a like!
A/D line calculates a ratio between total number of NASDAQ stocks advancing and total number of NASDAQ stocks in one day, providing another way to grasp the market breath at any moment.A
Green columns mean more than 50% of NASDAQ stocks are advancing, red columns mean more than 50% of NASDAQ stocks are declining.
Green values above the top band mean correlation to the upside, red values bellow the low band mean correlation to the downside.
Correlation means rising probability of capitulation (to the upside or to the downside).
For a better interpretation, NASDAQ Advance/Decline Line should be used in conjunction with other indicators (volatility, volume, etc.).
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NASDAQ here refers to the totality of assets listed on the NASDAQ exchange, not to the Nasdaq Composite index or the Nasdaq100 index.
NASDAQ is the second-largest stock exchange on earth, and operates the two major stock indexes based on companies that trade on its exchange: the Nasdaq Composite and the Nasdaq 100.
The Nasdaq Composite tracks the performance of more than 3,000 stocks listed on the Nasdaq while the Nasdaq 100 captures the performance of the exchange’s largest non-financial companies.
Super OrderBlock / FVG / BoS Tools by makuchaku & eFeThis super indicator is a Swiss army knife for Smart Money traders for OrderBlocks / FVG / BoS
It provides many options for drawing (non-repainting) boxes for OrderBlocks, Fair Value Gaps (FVG) and Break of Structures. The boxes are extended into the future, until the first retest/mitigation.
Some of the additional options (not explained in the diagrams above)
PPDD OB : An order block which is formed after interacting with Liquidity (old low/high, fractal low/high, etc). Since these OB's are in the most premium or most discount, they are Premium Premium Discount Discount OB's (PPDD OB)
HVB Bars : When the volume of any bar is higher than the average volume of last N bars, it could mean something important (in the right context). Hence, the indicator allows for coloring them differently.
This indicator was built as a collaboration between @makuchaku & eFe
Pro tip : This indicator is a simply a tool to visualize trading concepts on the candle stick chart. It is the job of the trader to sequence these effectively into a profitable trade.
If you come across any bug or have a question on how to effectively use the indicator, please don't hesitate to ask questions.
Good luck & good trading!
Market Pulse4 Market Stages:
The Market Pulse indicator simplifies the market into 4 separate stages:
Acceleration - Market in confirmed uptrend
Accumulation - Market in uptrend, but moving more cautiously
Deceleration - Market in confirmed downtrend
Distribution - Market in downtrend, but moving more cautiously
Full video tutorial breaking down the 4 different market stages can be found on our website.
How Does it Work?
The Market Pulse line is plotted using a 10-period Variable Moving Average (VMA). This works as a good substitute for moving averages, and allows you to easily determine trend, in a process-driven fashion, without leaving room for over-analyzing ( ie . are these moving averages stacked, what if x is above y, but a is below b, etc.). The color of the Market Pulse line is determined by the relationship between three Volume Weighted Moving Averages ( VWMA ): 8-period VWMA , 21-period VWMA and 34-period VWMA .
The Market Pulse line will change colors, based on the following conditions:
Green line - when the 8-period VWMA is greater than the 21-period VWMA and the 21-period VWMA is greater than the 34-period VWMA (Acceleration stage)
Red line - when the 8-period VWMA is less than the 21-period VWMA and the 21-period VWMA is less than the 34-period VWMA (Deceleration stage)
Gray line - when the three VWMAs are not stacked bullishly or bearishly, and there is no clear trend clarity (Accumulation stage if close >= VMA, Distribution stage if close < VMA)
Questions?
Feel free to send us an email if you have any questions.
Special thanks to Nick (@Nick42_for_win) for the assist with translating our Market Pulse indicator for TV traders.
Market structure intraday ES futures strategy - BuySell ZonesThis market structure strategy for ES Mini Futures optimized for intraday market analysis ( RTH ).
Entry condition identified by bearish and bullish market structure.
Support level (Green Lines) is identified based on different variations of price fluctuations followed by the close above the range.
Resistance level (Red Lines) is identified based on different variations of price fluctuations followed by the close below the range.
The idea is to spot areas where market players were fighting for the best price and one side finally won.
Bullish trend is identified by consecutive series of support levels developing in upside direction.
Bearish trend is identified by consecutive series of resistance levels developing in downside direction.
When market develops bullish trend , strategy sets LONG limit order at fresh support level .
When market develops bearish trend , strategy sets SHORT limit order at fresh resistance level .
If there is an open position no new entries are performed.
For longs initial stop is set at previous support level adjusted by ATR.
For shorts stop is set at previous resistance level adjusted by ATR.
Stop trailing is also based on market structure.
If new support level is identified, stop moves to previous support level .
If new resistance level is identified, stop moves to previous resistance level .
There are no target. Strategy either gets stopped at current stop level or exits at session end.
Strategy calculates position size based on the previous market structure and ATR.
Strategy performs compounding position sizing so as account amount increases so does amount of traded contracts.
Usage:
Add script to your favorites and apply it on ES1! 1 minute time frame setting regular trading hours.
Script will print the limit order as well as stop levels according to the rules described above. As trade will progress, script will print levels to move the stop to.
Settings:
I added an option to disable the support and resistance lines printing if you prefer to have clean charts.
You can also change risk % to best fit your trading style.
If you just want to use the support and resistance levels as indicator you can also disable the strategy execution.
Support and Resistance indicator itself is universal and can be used on any market or timeframe.
If you want the strategy to be optimized for other markets or timeframes or have other rule set in mind feel free PM me, we will create the solution that best fits your needs and styles.
Real life trading is not get rich scheme. It is continuous process that involves various steps and dedication. If you are willing to take this path please PM me to enable the strategy for you.
Enjoy!
Koalafied MSB (CHOCH) Indicator will show market structure breaks (MSB) - higher lows being broken in an uptrend and vice versa for lower highs in a downtrend.
These levels are derived from user selected pivot lengths and are plotted on the chart after the break for reference.
User option to filter MSB by the principles of a CHOCH - Change of Character which represents a possible change in market direction. A CHOCH requires a filter to be valid. The previous pivot high needs to be broken first putting in a higher high. Then if there's a break of the previous higher low the CHOCH is validated. Traders will then wait for a pullback for a retest of an orderblock/level before entering in a reversal trade. Additionally the CHOCH pullback target level, which is the candle/orderblock at the pivot prior to the MSB will be displayed and kept onscreen until broken.
As MSB are based on pivot points there is an inherent lag built into the script. The user selected length that the pivots are calculated on requires a number of bars to pass before a pivot is confirmed. Market Structure Breaks typically occur multiple bars after a pivot point so the offset isn't typically an issue, although occasionally a pivot will be validated after a MSB and it's offset plot will place it prior to the MSB.
GT - Recent High/Low█ OVERVIEW
This indicator will help traders identify the recent high and low of the current trend so we know where we are in the trend. If recent high/low broken it could be that the trend is changing. This indicator is based on price action.
█ HOW IT WORKS
Basically, a trend is when the prices move up and down in a stair-step fashion. In an uptrend, The indicator keeps track of the up and down movement and remember the last high and once the price pull back and broke the recent high it will mark out the new high. When prices pull back in and uptrend it must not broken the recent low. If the pull back move broke the recent low it could means that the trend is changing and we could see prices start going down. Downtrend is the reverse of uptrend.
Whenever the price broke the recent high or low the script will go back from the candle that broken the previous high to find the recent low. As long as the high of previous candle is lower than each other consecutively backward, all of those candle will be counted as part of the up move. The lowest low of these candles will be counted as the recent low. If one of the candles that are part of the up move is an inside bar then the recent low is the low of that inside bar candle (for downtrend it will be the high). Inside bar candle is a candle that it's high and low are both inside the high and low of the candle preceding it (to its left).
█ DISCLAIMERS
The content of this post is NOT investment advice and I am not a financial advisor.
This is for educational purpose only.
Always do you own research. Do not blindly trust a random stranger online.
█ HOW DOES IT HELP YOU
Moving the recent high and low every time a candle break out is a very tedious job. Plus, you cannot set an automatic alert system whenever price broke a recent high or low. This indicator allow you to create an alert whenever a recent high or low is broken.
You can use this indicator as a trailing stop loss strategy. Move the stop loss of your long position to the recent low level whenever price broke recent high or move the stop loss of your short position to the recent high level whenever price broke recent low.
The bullet line is the minor recent high or low before the prices broke the major recent high/low. This line could be the level where prices touch before continue with the trend.
█ TRADING IDEAS
Based on how a candle broke the recent high or low, if it breaks impulsively you can develop your strategy to trade the pullback and hoping on the trend before it continue to move up or down.
█ CURRENT FEATURES
Recent high/low.
Previous high/low.
Inside bar marker.
Alert for when high/low broken. Configurable message format either in JSON or plain text, useful when using with webhook alert.
Bullet line (trend continuation line).
Toggle switch to redraw in realtime. CAUTION: this will cause repainting and alert will fire multiple time during a real-time bar.
█ NOTES
- I am very new to pine script. So there could be a way to handle the alert in realtime to not fire multiple time, Once I found a way I will update the indicator. However, redrawing in realtime will definitely cause repainting of high/low or bullet line, as far as I know this cannot be fixed because it is how pine script compiler works.
- If you like the indicators and it helps you please be sure to leave a like.
█ CREDITS
This indicator is made by me but the idea is inspired by Guerrilla Trading course. Which is why this indicator is closed-source. Guerrilla doesn't support the use of indicators and they believe in mastering reading candle sticks using price action on a naked chart. However, I'm a visual learner, I do my due diligent in backtesting and learning how to read the chart. I think that a little help with indicator to smooth my learning curve or make it easier to identify important level is very useful.
!IMPORTANT!: If you are a member of Guerrilla please do not advertise this indicator on their forum as they do not support the idea of using indicators.
While using the indicator if you found any bugs or the lines draw incorrectly please report it directly to me by leaving a comment or message me directly. Do not report the bugs of this indicator to Guerrilla Trading as this has nothing to do with them and they are not the maintainer.
If you are not a member of Guerrilla but you are considering joining Guerrilla Trading. You can support me out by using my affiliate link in my Signature . Thank you very much!
█ CONTRIBUTE
If you are a developer and a member of Guerrilla and you would like to contribute to this indicator please message me.
Dow Theory Trend Direction VisualizerJapanese below / 日本語説明は下記
Overview
What is difficult for beginner traders is to identify trend occurrence, continuation and reversal.
This indicator visualizes market direction by changing background colors based on Dow Theory so that traders can visually grasp trends.
Sample chart
Functions
1.MTF Higher High/Lower High/Higher Low/Lower Low(HH/LH/HL/LL)
Indicator shows HH/LH/HL/LL of an upper timeframe(MTF) and those of chart’s timeframe at the same time.
As usual, HH/LH/HL/LL of chart’s timeframe can be used to identify trend continuation based on Dow Theory while MTF HH/LH/HL/LL can be used as support/resistance.
Auto and manual mode for MTF
When you select “Auto” mode, then an upper timeframe will be automatically determined as MTF based on chart’s timeframe. If “Manual “ mode selected, then you need to specify MTF timeframe.
MTF HH/LH/HL/LL are displayed only below the selected MTF timeframe so it will not disturb when you open higher timeframe.
For instance, if you select daily timeframe as MTF, then HH/LH/HL/LL of daily timeframe will be shown on 4 hour or below timeframes.
Auto and manual mode for MTF
When you select “Auto” mode, then an upper timeframe will be automatically determined as MTF based on chart’s timeframe. If “Manual “ mode selected, then you need to specify MTF timeframe.
MTF HH/LH/HL/LL are displayed only below the selected MTF timeframe so it will not disturb when you open higher timeframe.
For instance, if you select daily timeframe as MTF, then HH/LH/HL/LL of daily timeframe will be shown on 4 hour or below timeframes.
Sample chart (AUDJPY 4H + Daily timeframe HH/LH/HL/LL )
In this chart, you can see two different timeframe’s trend.
In 4hour timeframe, a new high recorded as HH and in daily timeframe, lows going up from LL to HL and high going up from LH to HH hence daily chart is uptrend.
Also, you can predict that Daily HH would be respected as resistance line.
2.Visualize trends direction with colors based on HH/LH/HL/LL.
Background color will change based on break up/down of HH/LH/HL/LL.
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トレードを習得する上で多くの人が苦手意識を持つ「目線付け」。
この目線付けをダウ理論を元に訓練するためのインジケーターを開発しました。
高値·安値の更新状況に応じて相場の方向性を色で可視化するため、視覚的に目線付けをすることが可能です。
サンプルチャート
ダウ理論による目線付けの二つの方法
これは僕の持論ですが、ダウ理論による目線付けの方法には、「トレンドは明確なシグナルが出るまで継続する」という原則を共通の拠り所とする二つの方法があると考えています。
一つは日本人投資家/トレーダーにも良く知られている押し安値·戻り高値を基準とする方法。そしてもう一つは高値·安値の切り上げ·切り下げのみを基準とする方法です。
このインジケーターは後者の方法で目線を可視化します。
(もちろん押し安値·戻り高値と併用した目線判断にも活用可能です。)
機能
1.上位足とチャートの時間軸両方のHigher High/Lower High/Higher Low/Lower Low(HH/LH/HL/LL)の表示(MTF機能)
上位足タイムフレームのHH/LH/HL/LLとチャートタイムフレームのHH/LH/HL/LLを同時に表示することができます。
チャートタイムフレームのHH/LH/HL/LLはダウ理論に基づくトレンドの継続・反転の判断用に、上位足のHH/LH/HL/LLは上位足での高値・安値の切り上げ/切り下げ判断及びレジスタンス・サポートとして使うことができます。
上位足の選択には自動モードとマニュアルモードが選択可能です。自動モードを選択した場合、チャートのタイムフレームに応じて上位足が自動的に決定されます。マニュアルモードの場合は選択した時間軸が上位足タイムフレームとして適用されます。
上位足のHH/LH/HL/LLは選択したタイムフレーム未満でのみ表示されます。例えば上位足のタイムフレームとして日足を選択した場合、日足のHH/LH/HL/LLは日足未満でのみ表示されます。
サンプルチャート (AUDJPY 4H に日足のHH/LH/HL/LL を表示)
このチャートでは二つの異なるタイムフレームの高値・安値更新状況を一度に把握することができます。
4Hでは高値の切り上げが発生しているため、安値を更新しなければ上昇トレンド確定です。一方日足では安値がLLからHLへ(赤の矢印)、高値がLHからHHへと切り上がり(緑の矢印)、上昇トレンドであることがわかります。
また、この場面では上位足のHHがレジスタンスとして機能する可能性も予測できます。
2.目線の方向を色で可視化
HH/LH/HL/LLの更新状況から目線を判断し、背景色とともに可視化します。
Higher High/Lower High/Higher Low/Lower Lowとは何か？
日本人投資家/トレーダーの中にはあまり馴染みのない方もいるかと思いますので、定義を記載します。
Higher High(HH)
切り上がった高値を意味します。当インジケーターでは一つ前の高値(HH/LH)から切り上がった場合にHHとしています。
Lower High(LH)
切り下がった高値を意味します。Lower Highなのでより低い方の高値という意味です。当インジケーターでは一つ前の高値(HH/LH)から切り下がった場合にLHとしています。
Higher Low(HL)
切り上がった安値を意味します。Higher Lowなのでより高い方の安値という意味です。当インジケーターでは一つ前の安値(HL/LL)から切り上がった場合にHLとしています。
Lower Low(LL)
切り下がった安値を意味します。当インジケーターでは一つ前の安値(HL/LL)から切り下がった場合にLLとしています。
使い方
高値·安値の切り上げ·切り下げの判断及びトレンド継続·転換の判断に活用
Sonarlab - Smart Money ConceptsSupply and Demand is one of the core strategies used in trading. It focuses on the ancient laws of supply and demand and how price moves in a free-flowing market. Supply and demand zones are a popular analysis technique used in all kinds of trading styles. The zones are the periods of sideways price action that come before explosive price moves, and are typically marked out using a box. We wanted to make these squares drawn automatically for you - so it will save you time spotting the zones.
Green Box
The green box defines demand - in these areas you will look for long opportunities. You can also use these zones for take profit levels when you are in a sell trade.
Blue Box
The blue box defines supply - in these areas you will look for short opportunities. You can also use these zones for take profit levels when you are in a buy trade.
Break of structure
For markets to move up and down a break in market structure must occur. A break in market structure occurs when the market begins to shift direction and break the previous HH and HL or HL and LL of the market. We also integrated the feature that you can see the BOS lines. In the indicator settings you can adjust the values:
1) Sensitivity
2) Min. candles in structure
3) BOS type: close or wick
Warning Never blindly take a position on each box - wait for a proper signal to occur before considering a position.
Market StructureMarket Structure indicator is designed for lightning-fast understanding of market conditions. It works very simply.
White bars signal a bullish market structure.
Black bars signal a bearish market structure.
It is possible to construct an independent trading strategy based on this indicator, starting from pivots:
HH - Higher High
LL - Lower Low
HL - Higher Low
LH - Lower High
As well as to combine this indicator with anything else. Margin zones, trading on breakout of important pivots, wave analysis and any other strategy you use.
Great for beginners, for easy understanding of market conditions.
Enjoy!
Broken Fractal : Someone's broken dream is your profit!Idea
The idea is simple : when market turns around, it traps a bunch of traders off guard. We trade with them, in the same direction of their exit!
Method
We let the market first create a fractal
We then let the market create an opposite fractal
We then let the market break the first fractal it created, thereby trapping lots of trades in the process
We then patiently wait till the market gives these trapped traders a chance to exit - and we trade in the same direction
How to use?
Green boxes are for long entry, red boxes are for short.
Whenever a box appears, that's the risk criteria - setup limit orders and trade along!
Works on all timeframes
If you like this script, please leave a note on how you are using it.
I personally use it with Higher Timeframe bias.
PS1 : some traders call this Break of market structure, some call it Breaker, I just call it "Broken Fractal"
PS2 : Break of a broken fractal is also very potent. Watch out for those!
Multi-Indicator by johntradingwickThe Multi-Indicator includes the functionality of the following indicators:
1. Market Structure
2. Support and Resistance
3. VWAP
4. Simple Moving Average
5. Exponential Moving Average
Functionality of the Multi-Indicator:
Market Structure
As we already know, the market structure is one of the most important things in trading. If we are able to identify the trend correctly, it takes away a huge burden. For this, I have used the Zig Zag indicator to identify price trends. It plots points on the chart whenever the prices reverse by a larger percentage than a predetermined variable. The points are then connected by straight lines that will help you to identify the swing high and low.
This will help you to filter out any small price movements, making it easier to identify the trend, its direction, and its strength levels. You can change the period in consideration and the deviation by changing the deviation % and the depth.
Support and Resistance
The indicator provides the functionality to add support and resistance levels. If you want more levels just change the timeframe it looks at in the settings. It will pull the SR levels off the timeframe specified in the settings.
You can select the timeframe for support and resistance levels. The default time frame is “same as the chart”.
You can also extend lines to the right and change the width and colour of the lines. There is also an option to change the criteria to select the lines as valid support or resistance. You can extend the S/R level or use the horizontal lines to mark the level when there is a change in polarity.
VWAP
Volume Weighted Average Price (VWAP) is used to measure the average price weighted by volume. VWAP is typically used with intraday charts as a way to determine the general direction of intraday prices. It's similar to a moving average in that when the price is above VWAP, prices are rising and when the price is below VWAP, prices are falling. VWAP is primarily used by technical analysts to identify market trend.
Simple Moving Average
A simple Moving Average is an unweighted Moving Average. This means that each day in the data set has equal importance and is weighted equally. As each new day ends, the oldest data point is dropped and the newest one is added to the beginning.
The multi-indicator has the ability to provide 5 moving averages. This is particularly helpful if you want to use various time periods such as 20, 50, 100, and 200. Although this is just basic functionality, it comes in handy if you are using a free account.
Exponential Moving Average
An exponential moving average (EMA) is a type of moving average (MA) that places a greater weight and significance on the most recent data points. An exponentially weighted moving average reacts more significantly to recent price changes than a simple moving average. The multi-indicator provides 5 exponential moving averages. This is particularly helpful if you want to use various time periods such as 20, 50, 100, and 200.
Screener: Alpha & Beta IndexThis is a Index Screener which can short list the major Sectors contributing to NIFTY movement that day.
This helps in sector based trading, in which we can trade in the stocks which falls under that particular sector.
No need to roam around all the stocks in the whole watchlist.
It is recommended to create sector wise watchlist of all sectors. It will be easier to concentrate in only one sector.
For example in IT sector index there are certain stocks which contribute to the movement of IT sector.
This will be available in NSE (or exchange website).
For detailed description check out the descriptions in my previous 2 Alpha and Beta indicators.
Combine and use this screener with my previous Alpha & Beta indicator.
Market analysis panel MAP DejaVuTradesThe market analysis dashboard allows you to view multiple markets simultaneously to make a quick and timely decision.
You can add up to 6 markets per panel between Forex, Cryptos, Stocks, Futures, CFDs, Indices, and comparing their current state in any different timeframe in which you are currently, selecting it from its configuration.
Below is the explanation of each column of the panel.
►Title: Select the name of your panel grouping by type of market.
►Bullish or bearish market: Reference of the selected time frame indicating a green progress bar when the market trend is bullish, and red when the market is bearish, with the strength percentage.
►Variation by temporality: Current relationship with the close of the previous candle, depending on the selected temporality. indicating you in a green progress bar when the variation is positive, and red when the variation is negative, with their respective percentage.
►Nominal volume: it is a multiplication of the current volume with the current price, its immediate relationship is from the marketcap of the selected market with its respective value.
To view the values, simply put the mouse over the progress bar.
iTradeAIMS | The BOX IndicatorIntroduction to iTradeAIMS The Box Indicator
Here I will attempt to give a brief introduction to this amazing indicator that has revolutionised my trading since 2009.
Everything in the universe is energy and energy follows the path of least resistance. When it moves it heavily influenced by a structure.
When energy flows it reacts to the underlying structure. Electricity flows through copper wires easily compared to "my arm".
A river flows smoothly on flat plains of the land but becomes violent when flowing down a mountain. Why is this? Why does it change its behaviour?
The Science of Chaos Brings us here. Everything in the universe has an internal or underlying structure. That structure is often, but not always, hidden.
The Market has an underlying Unseen Structure. And it can be revealed by using this indicator. TSX:TSL
Anatomy of the Box
The iTradeAIMS Boxes are formed using the high and low of the fractals.
A new AIMS Box will be created whenever price makes a new high or low Fractal.
The bottom of the AIMS Box – the Lower AIMS Level - is created when a low Fractal is formed i.e. the low of a candle is lower than two candles to the left and two candles to the right.
What is the Underlying Structure of the Market?
The underlying structure of the Market is Elliott Wave .
And the Underlying Structure of the Elliott Wave is the Fractals.
This BOX is an indicator based on the Fractals.
The Upper and Lower Levels require a minimum of five bars with the top of the box being the upper Fractal; the bottom of the box, the lower Fractal
The AIMS Levels are the high and low of the AIMS Box – the upper and lower Fractals.
This indicator, by itself, provided the concept that revolutionised my trading.
What are the Benefits of Using AIMS iTradeAIMS The Box?
1. Identify Trend:
The Box will also help you identify Trending Markets.
The Stepping Up pattern it creases is an indication of UPTREND .
The Stepping Down pattern indicates DOWNTREND .
2. Identify Entry Points
The Box will help you identify Entry Points into the market.
There are two ways it helps you make entries into the market.
a) breakout entry
b) trend following entry
3. Identify Range-Bound Market
The Box helps identify a sideways range-bound market.
When the box is not creating either a stepping up or stepping down pattern, it usually indicates to a sideways or rangebound market on that time frame.
4. Help you Make Entries: Calculate Correct Positions Size and Risk Size
The BOX is the structure of the market that offers the best method of How to calculate Risk Per Trade based on the market generated information.
Calculate your Entry Level and Stop Loss level using the Box Levels on either side of the box.
Buying the Box:
Set a Buy Order a Point above the Box and Stop Loss a point below the Box Low.
Selling the Box
Set a Sell Order a Point Below the Box Low and Stop Loss a Point Above the Box High.
TSLA Entries and Exits for Tesla Stock
I took this trade on the box high of this stock OII
I shared the Idea on TradingView as a Buy Signal on OII
Check the BitCoin Entry Here
5. Stop Loss Trailing Mechanism to Lock in Profits
The box levels are used for Trailing Stops.
For Long (Buy) Orders use the box low as a stop loss level for trailing and locking-in profits.
For Shorts (Sell) Orders, use the Box High levels for trailing stop and lock in profits.
6. Support and Resistance
The Box Levels (upper and lower) clearly shows support and resistance – where price approached a level and could not go further, forcing it to retrace on itself.
Pay attention to how box levels create ranges and also indicate trends.
How to Use this Indicator with other Indicators?
This indicator is great on its own but even greater if used in conjunction with iTradeAIMS The Wave and The Gator and The Magic Purple (Script Available FREE to use on iTradeAIMS Profile)
> The market always creates an AIMS Box before it turns around.
> Every trend starts and ends with an AIMS Box.
> Entries are always taken on the breakout of the AIMS Box.
How to Get Access to This Script?
Enjoy and accept it as my gift to the TradingView Community from iTradeAIMS | This Indicator is now available to everyone for FREE.
Credits: I learned the method from Bill Williams of Profitunity.com All credits, thanks, gratitude, positive vibes, and prayers goes to Dr Williams 🥇 (RIP) and his family ❤.
Market Structure (Nephew_Sam_)This indicator consists of 3 features:
1. Plots label to the right for current market structure
2. Plots dashed line to show where the next market structure would be
3. Draws arrows above/below historical market structure breaks
This might get a little to noisy in ranging markets or lower timeframes but it does the job.
Credits to @SimpleCryptoLife for the source code.
This script is take from the indicator "True Market Structure" which is created by the above mentioned user
Copyright rules for reusing the script:
// == COPYRIGHT ==
// Script by @SimpleCrpytoLife. This script is open-source.
// --> If you use ideas from it, you don't need to ask or give credit to me.
// --> If you copy code out of here to adapt for your own script, it must be open-source. You don't need to ask permission, just credit @SimpleCryptoLife.
[astropark] Stops huntingDear Followers,
today I'm happy to share with you my Stops Hunting indicator.
This indicators draws lines on important levels, where traders are supposed to set their own stop loss orders .
As per default values you will see
sellers (short) stoploss prices as red lines
buyers (long) stoploss prices as green lines
Market maker move prices towards liquidity, so to hit common traders stoplosses.
Why it acts this way? because stoplosses become fuel for market maker to move price where it wants to, and after latest stoplosses were triggered, then it uses this fuels to make trend reverse to the opposite direction.
To highlight this mechanism, the indicator plots:
red background when there are (almost) no-more sellers' stop losses still to be hit, so the trader can start thinking about opening a sell/short position ,
green background when there are (almost) no-more buyers' stop losses still to be hit, so the trader can start thinking about opening a buy/long position .
This indicator:
works on every timeframe , so it can be used for both swing and scalping trades
has a bias filter to increase or decrease the bullish/bearish backgrounded ranges (the higher the value, the less the width of ranges)
lets you change colours as you like
lets you enable/disable plotting of lines
lets you change lines' thickness and transparency
lets you enable/disable plotting of circles whenever a stoploss is hit
lets you set a starting date/time from which you want the indicator to start its analysis and collecting data for stops hunting
lets you set alerts when a stoploss has been hit/hunted
lets you set alerts when background starting be coloured as explained above
A gentle reminder: always consider setting a stoploss in trades and use a proper money and risk management strategies .
Here there are some examples how the indicator works on many timeframes and markets:
BTC/USDT 1h
LINK/BTC 1h
ETH/BTC 1h
EUR/USD 15m
GBP/USD
Brent Crude Oil 15m
GOLD (XAU/USD) 15m
FaceBook (FB) 15m
Microsoft Corp (MSFT) 15m
This is a premium indicator , so send me a private message in order to get access to this script .
LuxAlgo® - Price Action Concepts™Price Action Concepts™ is a first of it's kind all-in-one indicator toolkit which includes various features specifically based on pure price action.
Order Blocks w/ volume data, real-time market structure (BOS, CHoCH, EQH/L) w/ 'CHoCH+' being a more confirmed reversal signal, a MTF dashboard, Trend Line Liquidity Zones (real-time), Chart Pattern Liquidity Zones, Liquidity Grabs, and much more detailed customization to get an edge trading price action automatically.
Many traders argue that trading price action is better than using technical indicators due to lag, complexity, and noisy charts. Popular ideas within the trading space that cater towards price action trading include "trading like the banks" or "Smart Money Concepts trading" (SMC), most prominently known within the forex community.
What differentiates price action trading from others forms of technical analysis is that it's main focus is on raw price data opposed to creating values or plots derived from price history.
Mostly all of the features within this script are generated purely from price action, more specifically; swing highs, swing lows, and market structure... which allows users to automate their analysis of price action for any market / timeframe.
🔶 FEATURES
This script includes many features based on Price Action; these are highlighted below:
Market structure (BOS, CHoCH, CHoCH+, EQH/L) (Internal & Swing) multi-timeframe
Volumetric Order Blocks & mitigation methods (bullish & bearish)
Liquidity Concepts
Trend Line Liquidity Zones
Chart Pattern Liquidity
Liquidity Grabs Feature
Imbalance Concepts MTF w/ multiple mitigation methods
Fair Value Gaps
Balanced Price Range
Activity Asymmetry
Strong/Weak Highs & Lows w/ volume percentages
Premium & Discount Zones included
Candle Coloring based on market structure
Previous Highs/Lows (Daily, Monday's, Weekly, Monthly, Quarterly)
Multi-Timeframe Dashboard (15m, 1h, 4h, 1d)
Built-in alert conditions & Any Alert() Function Call Conditions
Advanced Alerts Creator to create step-by-step alerts with various conditions
+ more (see changelog below for current features)
🔶 BASIC DEMONSTRATION
In the image above we can see a demonstration of the market structure labeling within this indicator. The automatic BOS & CHoCH labels on top of dashed lines give clear indications of breakouts & reversals within the internal market structure (short term price action). The "CHoCH+" label is also demonstrated as it triggers only if price has already made a new higher low, or lower high.
We can also see a solid line with a larger BOS label in the middle of the chart. This label demonstrates a break of structure taking into account the swing market structure (longer term price action). All of these labels are generated in real-time.
🔶 USAGE & EXAMPLES
In the image below we can see how a trade setup could be created using Order Blocks w/ volume metrics to find points of interest in the market, swing / internal market structure to get indications of longer & shorter term reversals, and trend line liquidity zones to find more likely impulses & breakouts within trends.
We can see in the next image below that price came down to the highest volume order block marked out previously as our point of interest for an entry used in confluence with the overall market structure being bullish (swing CHoCH). Due to price closing below the middle Order Block at (24.77%), we saw it was mitigated, and then price revisited liquidity above the Trend Line zone above, leading us to the first Order Block as a target.
You will notice the % values adjust as Order Blocks are touched & mitigated, aligning with the correct volume detected when the Order Block was established.
In the image below we can see more features from within Price Action Concepts™ indicator, including Chart Pattern Liquidity, Fair Value Gaps (one of many Imbalance Concepts), Liquidity Grabs, as well as the primary market structures & OBs.
By using multiple features as such, users can develop a greater interpretation of where liquidity rests in the market, which allows them to develop trading plans a lot easier. Liquidity Grabs are highlighted as blue/red boxes on the wicks during specific price action that indicates the market has made an impulse specifically to take out resting buy or sell side orders.
We can notice in the trade demonstrated below (hindsight example) how price often moves to the areas of the most liquidity, even if unexpected according to classical technical analysis performed by retail traders such as chart patterns. Wicks to take out orders above & potentially trap traders are much more noticeable with features such as these.
The Chart Patterns which can be detected include:
Ascending/Descending Wedges (Asc/Desc Wedge)
Ascending/Descending Broadening Wedges (Asc/Desc BW)
Ascending/Descending/Symmetrical Triangles (Asc/Desc/Sym Triangle)
Double Tops/Bottoms (Double Top/Double BTM)
Head & Shoulders (H&S)
Inverted Head & Shoulders (IH&S)
General support & resistance during undetected patterns
In the image below we can see more features from within the indicator, including Balanced Price Range (another imbalance method similar to FVG), Market Structure Candle Coloring, Accumulation & Distribution zones, Premium & Discount zones w/ a percentage on each zone, the MTF dashboard, as well as the Previous Daily Highs & Lows (one of many highs/lows) displayed on the chart automatically.
The colored candles use more specific market structure analysis, specifically allowing users to visualize when trends are considered "normal" or "strong". By utilizing other features alongside this market structure analysis, such as noticing price retesting the PDL level + the Equilibrium as resistance, a Balanced Price Range below price, the discount with a high 72% metric, and the MTF dashboard displaying an overall bearish structure...
...users can instantly gain a deeper interpretation of price action, make highly confluent trading plans while avoiding classical technical indicators, and use traditional retail trading concepts such as chart patterns / trend lines to their advantage in finding logical areas of liquidity & points of interest in the market.
The image below shows the previous chart zoomed in with 2 liquidity concepts re-enabled & used alongside a new range targeting the same Discount zone.
🔶 SETTINGS
Market Structure Internal: Allows the user to select which internal structures to display (BOS, CHoCH, or None).
Market Structure Swing: Allows the user to select which swing structures to display (BOS, CHoCH, or None).
MTF Scanner: See market structure on various timeframes & how many labels are active consecutively.
Equal Highs & Lows: Displays EQH / EQL labels on chart for detecting equal highs & lows.
Color Candles: Plots candles based on the internal & swing structures from within the indicator on the chart.
Order Blocks Internal: Enables Internal Order Blocks & allows the user to select how many most recent Internal Order Blocks appear on the chart as well as select a color.
Order Blocks Swing: Enables Swing Order Blocks & allows the user to select how many most recent Swing Order Blocks appear on the chart as well as select a color.
Mitigation Method: Allows the user to select how the script mitigates an Order Block (close, wick, or average).
Internal Buy/Sell Activity: Allows the user to display buy/sell activity within Order Blocks & decide their color.
Show Metrics: Allows the user to display volume % metrics within the Order Blocks.
Trend Line Liquidity Zones: Allows the user to display Trend Line Zones on the chart, select the number of Trend Lines visible, & their colors.
Chart Pattern Liquidity: Allows the user to display Chart Patterns on the chart, select the significance of the pattern detection, & their colors.
Liquidity Grabs: Allows the user to display Liquidity Grabs on the chart.
Imbalance Concepts: Allows the user to select the type of imbalances to display on the chart as well as the styling, mitigation method, & timeframe.
Auto FVG Threshold: Filter out non-significant fair value gaps.
Premium/ Discount Zones: Allows the user to display Premium, Discount , and Equilibrium zones on the chart
Accumulation / Distribution: Allows the user to display accumulation & distribution consolidation zones with an optional Consolidation Zig-Zag setting included.
Highs/Lows MTF: Displays previous highs & lows as levels on the chart for the previous Day, Monday, Week, Month, or quarter (3M).
General Styling: Provides styling options for market structure labels, market structure theme, and dashboard customization.
Any Alert() Function Call Conditions: Allows the user to select multiple conditions to use within 1 alert.
🔶 CONCLUSION
Price action trading is a widely respected method for its simplicity & realistic approach to understanding the market itself. Price Action Concepts™ is an extremely comprehensive product that opens the possibilities for any trader to automatically display useful metrics for trading price action with enhanced details in each. While this script is useful, it's critical to understand that past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader.
🔶 HOW TO GET ACCESS
You can see the Author's instructions below to get instant access to this indicator & our premium suite.
WR Market StructureThis is script is build up based on Zig Zag Indicator and modify according to WR idea if market structure to define new HH and new LL.
The idea of this indicator is to determine Trend Up (HH and New HH) and Trend Down direction (LL and New LL).
Below is the example of the inidcator:
If you have any suggestions, comments or interested to use this script, kindly PM us to obtain an access.
[SCL] True Market StructureSee market structure at a glance with Higher Highs and Lower Lows. Bullish/Bearish/Ranging market bias is automatically derived. Optionally get alerted for breaks in market structure. Uses true Local Highs/Lows instead of simply the highest/lowest "pivot" for x bars. Can be useful as a support for learning market structure or for alerts for a change in structure while you're not at the computer.
Trend Lines ProHello Traders!
We need to make things better & better to solve the puzzle and I try to do my best on this way. now I am here with my new Trend Lines Pro script.
As you know, Trend Lines is very subjective and many people (even professionals) draw different Trend Lines on the same chart. This is confusing and there must be an automation to make the life easer. with this tool I tried to automate it.
The idea in this script is different from my previous trend lines scripts. In this, I use channel idea so it can check number of pivot points it contains, it checks H/L/C in the channels as well. it also checks the angle while choosing trend lines. then we get stronger and useful Trend Lines automatically.
There are some option in the script, let see one by one:
Pivot Period: The Length to calculate Pivot Highs/Lows
Source : Option to use "High/Low" or "Close" as the source for Pivot Points
Threshold Rate : This rate is used for channel width. it you give bigger numbers then you get bigger channels. it's 4 by default
Minimum Angle Rate for new Trendline: if there are different trend lines, there must be an angle between them to choose best trend lines. you can set the angle with this option.
Minimum Strength: there can be many trend lines but we need to choose/use stronger ones. with this option you can set the number of pivot points a trend channel have to contains.
Maximum Loopback Length: by default the script can check 40 pivot highs and 40 pivot lows but to make the script faster and useful I needed to add a limitation for the number of bars that the script can go back.
Show Trendlines as: you can see trend lines as "Trendline", "Channel", "Trend Channel". you can see examples below.
Enable Weak Trend Lines: if there is no trend lines strong enough (as defined in "Minimum Strength" option) you have option to see a weak trend line. that is useful sometimes. if you enable this option weak lines are shown as dotted lines.
Show Price Labels on Trendlines: the script can show the price levels to break trend lines. the examples are below
Line Style: trend lines can be Solid or Dashed as you wish
Color theme: colors of the Up/Down Trend lines can be set. 'Red', Lime, Blue, White, Black, Olive, Gray
you can see the Trend Lines as channels:
you can see Trend Channels to see the big picture.also there is dotted trend line as weak trend line defined above.
you can set color/width of trend lines as you wish.
the script is fast enough to run on 1sec chart:
you can use this script on any chart, fx pairs, stocks, indices etc
I made a short video to explain how to use it and some options:
Please PM for access.
Enjoy!
DISCLAIMER: No sharing, copying, reselling, modifying, or any other forms of use are authorized for our documents, script / strategy, and the information published with them. This informational planning script / strategy is strictly for individual use and educational purposes only. This is not financial or investment advice. Investments are always made at your own risk and are based on your personal judgement. I am not responsible for any losses you may incur. Please invest wisely.
TM_SWING_LEVELSwing level Indicator shows overall market price structure of market for Swing Position.
Terminology Use ==> Price Line, Price Level name and Price level
Timeframe ==> Use proper Signal with swing trend on 1 Hour or Upper time frame (Best if Use with 1 Hour chart or 1 Day chart).
What to Identify ==> Overall market price structure for the Swing Period
How to Use ==>
There are Many Line in price level chart
Green/red with Solid for important area of support or resistance
other dotted lines are for retracement or extension of prices.
Important Structure==> Price behaviors on all lines of possible support and resistance
Use market structure, chart pattern, trend lines for more support.
Entry ==>
Let’s wait the proper area of support or resistance (Area of Value in case of trend pattern use)
Exit ==>
SL of swing high/low out of market structure with proper risk management and target with proper Risk/ Reward Ratio
TM_DAY_LEVELDay level Indicator shows overall market price structure of market for Intraday Position.
Terminology Use ==> Price Line, Price Level name and Price level
Timeframe ==> Use proper Signal with swing trend on 15 Min. or lower time frame (Best if Use with 15 Minutes chart or 5 Min. chart).
What to Identify ==> Overall market price structure for the Intraday Period
How to Use ==>
There are Many Line in price level chart
Green/red with Solid for important area of support or resistance
Other dotted lines are for retracement or extension of prices.
Important Structure==> Price behaviors on all lines of possible support and resistance
Use market structure, chart pattern, trend lines for more support..
Entry ==>
Let’s wait the proper area of support or resistance (Area of Value in case of trend pattern use)
Exit ==>
SL of swing high/low out of market structure with proper risk management and target with proper Risk/ Reward Ratio
