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.
Orderblocks
Order Block Finder (Experimental)The purpose of this experimental Indicator is to help identifying Institutional Order Blocks.
Often these Order Blocks can be observed at the beginning of a strong move, but there is a significant probability that these price levels will be revisited at a later point in time again. Therefore these are interesting levels to place limit orders (Buy Orders for Bullish OB / Sell Orders for Bearish OB).
A Bullish Order block is defined as the last down candle before a sequence of up candles. (Relevant price range "Open" to "Low" is marked)
A Bearish Order Block is defined as the last up candle before a sequence of down candles. (Relevant price range "Open" to "High" is marked)
In the settings the number of required sequential candles can be adjusted.
Furthermore a %-threshold can be entered. It defines which minimum %-change the sequential move needs to achieve in order to identify a relevant Order Block. If this is used, it makes sense to adjust it to the timeframe which is analyzed as of course higher timeframes usually produce bigger moves.
Channels for the last Bullish/Bearish Block can be shown/hidden.
In addition to the upper/lower limits of each Order Block, also the equlibrium (average value) is marked as this is an interesting area for price interaction.
Please note that you can optionally display a "Docu"-Label which shows some information about the indicator as a tooltip.
Remark:
As the identification of a relevant Order Block is only possible after the required number of subsequent candles has closed, this indicator "repaints" by definition. But I do not see this as an issue as the relevancy of the Order Blocks and the interaction of price with these levels usually only happens longer in the future anyway.
Block_Saver_v1This is a script that lets you manually add in a "Zone" by top and bottom price, which I intended to use so I could "Save" or "Trace Over" lines from the Breakers/OrderBlock indicator. This is so you can take the same drawing across different time-frames and charts, and color-code them.
In the future I will be adding labels to the top and/or bottom of blocks so you can annotate more specifically which time-frame they were formed on, price level, etc.
ZFelds' Godmode OrderBlocksPlots Orderblocks/Orderflow/Supply and Demand Levels based on Volume + EMA + RSI Levels.
When using this indicator, please make sure the "Benchmark" Ticker is set to the same chart/ticker you're working on.
The default Benchmark for this indicator is NAS100USD. If you are looking at ANY other chart, you will need to change the Benchmark from NAS100USD to the ticker you are using.
For instance, in this example - if you wanted to instead have the indicator plot OrderBlocks for BTCUSD, you would change the Benchmark setting from "NAS100USD" to "BTCUSD" as shown in the chart example.
Thanks for looking!
bg_Breakers_orderBlocks_detection (Breakers)Version 0.1
Using Pivots / Swing Point detection, this script plots the final swing candle's body span from top to bottom with an extended horizontal line, with a mid-channel point at 50% between open and close.
Once the trend changes, these zones serve as support and resistance zones, and can help identify breakouts from ranges and probable reversal points moving forward.
To avoid clutter, the script allows you to select a specific date-range (start / end date) which the rule will only apply and plot for.
Other customizable options are the length in bars of the pivot/swing point detection, which is defaulted at 20 bars for both highs and lows.
Works best on time-frames 4H, 1D, etc. with some luck to be had in occasionally shorter time-frames as shown above.
4H:
CME Bitcoin Gap Finder Orderblock Support ResistanceCME Bitcoin Gap Finder Orderblock Support Resistance
Intro
I had a backlog of scripts to release, and so everyone is getting some Christmas gifts early!
I have been watching CME gaps and how they relate to BTC for over a year now. I find they make good orderblock support/resistance areas.
Description
There is a limitation to how many lines I can draw with the new pine script functions. So for instance if you want to see the gaps from 2018 I have included a date range selector (similar to how a backtest works). This way you can only display the gaps from the dates ranges you want to see.
There's also the ability to check for gaps on the daily, 12h, 4h, and 1h charts. I recommend using 12H. But know that depending on what period you choose it will effect the size of the gaps, so experiment and see what works for you.
Lastly I included the ability to have background highlights whenever CME is closed on the weekend, just for visual reference.
You can use this indicator on any BTC ticker, and it will show you where the CME gaps are (without having to switch/reference the CME chart).
👍 We hope you enjoyed this indicator and find it useful! We post free crypto analysis, strategies and indicators regularly. This is our 74th script on Tradingview!
💬Check my Signature for other information
Heatmap - Support & Resistance (Volume Clusters)Heatmap - Support & Resistance (Volume Clusters)
The Heatmap is based on the real traded volume.
The Heatmap can help identify the levels of Support and Resistance , thus validating other indicators' Oversold or Overbought conditions.
Small blocks don't have much significance. On the other hand, bigger and brighter ones would mean strong levels of Support or Resistance .
Alerts are available to be set to fire whenever the Support or Resistance levels are reached.
Related tools:
• Volume Delta
• CVD
• Counters Ratio
[AN] OrderBlocksEases the find of possible support and resistance areas.
The Orderblock finder allows overlaying blocks from another timeframe
Customizable strength of previous move and extended info pane.
Orderblocks by 2tmThis is Simple Script to find Suppor/Resistance Levels.
Orderblocks are on Japanese Candle Sticks and are easily found with simple rules.
The rule is this.
Just find out Failed Engulfing Candles.
I think you guys know what is Engulfing Candles and the meaning of word of "Failed".
I wish your Successful Investment.
Orderblocks [CosmonautC]Orderblock script, automatically finds orderblocks and then marks them out.
There are 3 inputs:
length == lookback length
Sensitivity == How small/big moves are needed to plot a new orderblock
levels == How many pairs of Orderblock levels to plot. 1 pair = 1 orderblock from a down move and 1 orderblock from an up move
I hope you enjoy it and hopefully can make some better decisions with it :D
#freeα
[SignalFI] PivotFI [V1.0]PivotFI provides support and resistance lines based on Fibonacci pivots lengths in any timeframe of your choosing.
Pivots included:
5,8,13,21,34,55
Timeframes:
Any
SignalFI was created to help traders and investors to effectively analyze the market based on the Golden Mean Ratio (Fibonacci numbers), plan a trade and ultimately execute it. To help inform and educate market decisions we developed a set of Trading Indicators which are available on TradingView , the most advanced and yet easy to use charting platform available on the web.
SignalFI indicators are just that, indicators. Our indicators are generally configured to use completely historical data (negating repaint), and we advise all alerts created with SignalFI indicators to be fired upon "close" of the current candle. Our indicators can provide valuable context and visualization support when performing market analysis and executing buy and sell decisions. However. we are not financial experts, and all information presented on this site or our other media outlets are for educational purposes only.
For subscription information, visit www.signalfi.net and follow us on twitter: @signalfi_
Nexgen Order Block Helper for N-Lab ResercherThis is Nexgen Order Block Helper for Nexgen Lab Resercher.
Only our Lab member can use this.
Thank you and have a nice day.
Nexgen Order Block Helper Ver 1.0.0 By rEPLAYEr of NEXGENHi everyone.
I have updated the OB-Helper I developed.
There were some major Updates.
This new version helps traders to easily find blocks working as major Supports and Resistants on the technical chart.
Please see the image below for a detailed explanation.
I wish you all for the successful investment.
Thanks :)
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こんにちは。
私が作ったOB-Helperを更新しました。
詳しい説明は下の画像をご覧ください。
皆さんの成功をお祈りします。
ありがとうございます。 (ΦωΦ)ﾉ
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오더블럭 헬퍼가 더 강해졌습니다.
수평매물대를 찾아내고 갭에 숨겨진 오더블럭도 집어냅니다.
캔들에 숨겨진 매물대를 활용한 매매법은 아래 자세히 표시되어 있습니다.
더 자세한 사용법을 알고 싶으시다면 저희 시그너쳐를 확인하세요.
여러분의 성투를 기원합니다.
Nexgen Order Block Helper Ver 0.1.2 By [rEPLAYEr]======
Hello. We have developed a logic named ‘OB Helper’ which helps traders to easily find the Order Block and its EQ level.
📩 For those wanting to use our script please DM us.
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こんにちは。トレーダーがOrder BlockとそのEQレベルを容易に見つけられるようにする 「OB Helper」というロジックを開発しました。
📩 私たちのスクリプトを使用したい方は、私たちにDMを送ってください。
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이 스크립트는 수평매물대인 order block과 OB의 EQ를 찾는데 도움을 줍니다.
📩 본 스크립트의 사용과 활용방법에 대한 자세한 문의를 원하시면 DM 주세요
OB Helper오더블럭을 조금 더 쉽게 그릴 수 있는 툴을 만들어봤습니다.
주황색, 핑크색 캔들= 큰 움직임
다음 업데이트로는 스크립트가 오더블럭을 스스로 그려주면 좋겠네요.
*비트코인 전용 스크립트입니다.
*회원 전용 스크립트입니다.
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Made a script to help you draw orderblocks more easily.
Orange and pink candles are the significant movement/candles that should alert you.
For the next update, I will try to make the script draw the orderblocks automatically based on the candles.
*for Bitcoin only
*limited to members only.
