Smart Money Setup 06 [TradingFinder] Liquidity Sweeps + OB Swing🔵 Introduction
Smart Money, managed by large investors, injects significant capital into financial markets by entering real capital markets.
Capital entering the market by this group of individuals is called smart money. Traders can profit from financial markets by following such individuals.
Therefore, smart money can be considered one of the effective methods for analyzing financial markets.
Sometimes, before a market movement, fluctuation movements that create price movement cause many traders' "Stop Loss" to be triggered. These movements are created in various patterns.
One of these patterns is similar to an "Expanding Triangle", which touches the stop loss of individuals who have placed their stop loss in the cash area in the form of 5 consecutive openings.
To better understand this setup, pay attention to the images below.
Bullish Setup Details :
Bearish Setup Details :
🔵 How to Use
After adding the indicator to the chart, wait for trading opportunities to appear. By changing the "Time Frame" and "Pivot Period", you can see different trading positions.
In general, the smaller the "Time Frame" and "Pivot Period", the more likely trading opportunities will appear.
Bullish Setup Details on Chart :
Bearish Setup Details on Chart :
🔵 Settings
You have access to "Pivot Period", "Order Block Refine", and "Refine Mode" through settings.
By changing the "Pivot Period", you can change the range of zigzag that identifies the setup.
Through "Order Block Refine", you can specify whether you want to refine the width of the order blocks or not. It is set to "On" by default.
Through "Refine Mode", you can specify how to improve order blocks.
If you are "risk-averse", you should set it to "Defensive" mode because in this mode, the width of the order blocks decreases, the number of your trades decreases, and the "reward-to-risk ratio "increases.
If you are on the opposite side and are "risk-taker", you can set it to "Aggressive" mode. In this mode, the width of the order blocks increases, and the likelihood of losing positions decreases.
Search in scripts for "chart"
Profitable L 1800 Candle Highlight [Beta]
Certainly! Here's a user guide for the provided Pine Script code:
User Guide: 1800 Candle Highlight Indicator
Overview:
The "1800 Candle Highlight" indicator is designed to visually emphasize the 18:00 (6:00 PM) candle on the chart, providing clarity on its open and close prices, and highlighting its timeframe with a distinctive color.
Key Features:
Candle Highlighting: The indicator identifies the candle that opens at 18:00 and visually distinguishes it from other candles on the chart.
Open and Close Prices: The indicator plots the open and close prices of the 18:00 candle as step lines, making it easy to identify price movements during that timeframe.
Background Color: It colors the background within the 18:00 candle's timeframe with a transparent blue shade, providing further emphasis on that period.
Start Marker: A downward triangle shape marks the start of the 18:00 candle, aiding in identifying the beginning of the highlighted timeframe.
Usage:
Overlay: The indicator is designed to be overlaid on the price chart, allowing users to visualize the highlighted candle alongside price movements.
Interpretation: Traders can observe the open and close prices of the 18:00 candle relative to previous and subsequent candles, aiding in analysis and decision-making.
Timeframe Focus: The highlighted candle's timeframe can serve as a reference point for analyzing price action during specific hours, such as the end of a trading day.
Installation:
Access: Users can access the Pine Script editor within the TradingView platform to create a new indicator.
Copy and Paste: Copy the provided Pine Script code and paste it into the editor.
Save and Apply: Save the indicator and apply it to the desired chart, adjusting settings as needed.
Customization:
Color Scheme: Users can customize the colors used for highlighting, open/close prices, and background to suit their preferences and chart aesthetics.
Styling: Adjustments can be made to line styles, widths, and marker sizes to enhance visibility and clarity.
Compatibility:
The indicator is compatible with TradingView's Pine Script version 5 and can be applied to various financial instruments and timeframes supported by the platform.
Disclaimer:
The "1800 Candle Highlight" indicator is provided for informational purposes only and should not be considered as financial advice. Users are encouraged to conduct thorough analysis and consider multiple factors before making trading decisions.
Volume NThe Volume Indicator provides a visual representation of trading volume, expressed in U.S. dollars, directly on your chart. It multiplies each candle's closing price by its volume to compute the volume in dollar terms, offering a clearer perspective on market activity relative to price movements.
Features:
Volume Calculation: The indicator calculates the volume in dollar terms by multiplying the closing price by the trading volume of each bar.
Color Coding: Bars are colored to highlight significant trading activity. Standard bars are displayed in blue, whereas bars representing the highest trading volume over the latest 10-bar period are colored red.
Dynamic Labels: Red bars, indicating peak volume within the specified period, feature dynamically positioned labels that display the dollar amount, formatted to three significant figures. Labels are appended with "M" for millions or "B" for billions as appropriate, followed by a dollar sign to denote currency.
Automatic Label Adjustment: To avoid label overlap and maintain chart clarity, labels adjust their vertical positioning automatically based on proximity to other labels.
Usage:
This indicator is particularly useful for traders who wish to assess the strength of price movements in conjunction with volume. By quantifying volume in dollar terms, it provides a more standardized measure of trading intensity, which can be beneficial for making informed trading decisions in both high and low volatility environments.
Neutral State Stochastic Oscillator {DCAquant}Neutral State Stochastic Oscillator {DCAquant}
The Neutral State Stochastic Oscillator {DCAquant} is an enhanced version of the classic Stochastic Oscillator. This iteration aims to refine the detection of neutral market states — periods where the market is neither overbought nor oversold — potentially signaling a period of consolidation or equilibrium before the next significant price move.
Key Features:
Advanced Oscillator Analysis: It extends the traditional use of the Stochastic Oscillator by identifying a neutral zone, which may signal a pause in market momentum.
Customizable Sensitivity: Users can adjust parameters such as K and D periods, Smooth K, and neutral zone thresholds to tailor the indicator to their trading style.
Neutral Zone Detection: This tool is especially adept at pinpointing where the %K and %D lines converge within a specific threshold, marking a neutral state.
How it Works:
%K and %D Calculation: The indicator calculates the Stochastic %K and %D lines over user-defined periods, smoothing %K for clearer signals.
Neutral Zone Threshold: A threshold defines how close %K and %D lines should be to each other to qualify as a neutral state, offering a refined perspective on market momentum.
Visual Contrast: The indicator employs a distinct color scheme to distinguish between neutral (gray), bullish (%K>%D in aqua), and bearish (%K<%D in fuchsia) market conditions, directly on the price chart.
Visual Indicators and Interpretation:
Neutral Market Condition: A gray background indicates a neutral state where %K and %D are close, suggesting a balanced market awaiting new forces to define the trend.
Market Extremes: Aqua and fuchsia backgrounds highlight when the market is exiting the neutral zone, potentially signaling the start of an uptrend or downtrend.
Strategic Application:
Consolidation and Breakout Identification: This tool helps in identifying consolidation zones which could lead to potential breakouts or breakdowns, aiding in strategic entry and exit decisions.
Multifaceted Market Analysis: By revealing neutral market states, it serves as a vital component in a comprehensive trading strategy, augmenting the insights provided by other technical indicators.
Customization and Usage:
Flexible for Various Markets: The Neutral State Stochastic Oscillator {DCAquant} is adaptable for a variety of markets, whether you're trading cryptocurrencies, stocks, forex, or commodities.
Confirmatory Tool: It acts as an excellent confirmatory tool when used with price action analysis, other oscillators, or trend indicators, ensuring a well-rounded analytical approach.
Disclaimer and User Guidance:
The Neutral State Stochastic Oscillator {DCAquant} is a sophisticated trading tool designed for informative purposes. Traders are advised to use it in conjunction with a robust risk management strategy and not as a standalone decision-making tool. As with all trading indicators, success cannot be guaranteed, and it is recommended that traders perform their due diligence before executing trades based on signals from this or any other analytical tool.
EMA Cross Dashboard | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Exponential Moving Average (EMA) Cross Dashboard! This dashboard let's you select a source for the calculation of the EMA of it, then let's you enter 2 lengths for up to 5 timeframes, plotting their crosses in the chart.
Features of the new EMA Cross Dashboard :
Shows EMA Crosses Across Up To 5 Different Timeframes.
Select Any Source, Including Other Indicators.
Customizable Dashboard.
📌 HOW DOES IT WORK ?
EMA is a widely used indicator within trading community, it is similar to a Simple Moving Average (SMA) but places more weight on recent prices, making it more reactive to current trends. Crosses of EMA lines can be helpful to determine strong bullish & bearish movements of an asset. This indicator shows finds crosses across 5 different timeframes in a dashboard and plots them in your chart for ease of use.
🚩UNIQUENESS
This dashboard cuts through the hassle of manual EMA cross calculations and plotting. It offers flexibility by allowing various data sources (even custom indicators) and customization through enabling / disabling individual timeframes. The clear visualization lets you see EMA crosses efficiently.
⚙️SETTINGS
1. Timeframes
You can set up to 5 timeframes & 2 lenghts to detect crosses for each timeframe here. You can also enable / disable them.
2. General Configuration
EMA Source -> You can select the source for the calculation of the EMA here. You can select sources from other indicators as well as more general sources like close, high and low price.
SMA Cross Dashboard | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Simple Moving Average (SMA) Cross Dashboard! This dashboard let's you select a source for the calculation of the SMA of it, then let's you enter 2 lengths for up to 5 timeframes, plotting their crosses in the chart.
Features of the new SMA Cross Dashboard :
Shows SMA Crosses Across Up To 5 Different Timeframes.
Select Any Source, Including Other Indicators.
Customizable Dashboard.
📌 HOW DOES IT WORK ?
SMA is a widely used indicator within trading community, it simply works by taking the mathematical average of a source by desired length. Crosses of SMA lines can be helpful to determine strong bullish & bearish movements of an asset. This indicator shows finds crosses across 5 different timeframes in a dashboard and plots them in your chart for ease of use.
🚩UNIQUENESS
This dashboard cuts through the hassle of manual SMA cross calculations and plotting. It offers flexibility by allowing various data sources (even custom indicators) and customization through enabling / disabling individual timeframes. The clear visualization lets you see SMA crosses efficiently.
⚙️SETTINGS
1. Timeframes
You can set up to 5 timeframes & 2 lenghts to detect crosses for each timeframe here. You can also enable / disable them.
2. General Configuration
SMA Source -> You can select the source for the calculation of the SMA here. You can select sources from other indicators as well as more general sources like close, high and low price.
Truly Bullish & Bearish CandleThis Pine Script indicator identifies and highlights truly bullish and bearish candles on your chart. Truly bullish candles are characterized by a strong bullish close significantly above the specific percentage, suggesting strong buying pressure. Conversely, truly bearish candles exhibit a strong bearish close significantly below the specific percentage, indicating strong selling pressure. By identifying these candles, traders can gain insights into potential shifts in market sentiment and make more informed trading decisions.
Key Features:
Identifies truly bullish and bearish candles based on strong open/close differentials.
Highlights these candles on the chart for easy visualization.
Helps traders identify potential reversals or continuations in market trends.
Customizable parameters for fine-tuning to suit individual trading strategies.
Compatible with various timeframes and trading instruments.
Usage Instructions:
Apply the indicator to your chart.
Configure the settings according to your preferences.
Look for highlighted truly bullish and bearish candles as potential entry or exit signals.
Consider additional analysis and risk management strategies to confirm trading decisions.
Disclaimer: This indicator is provided for informational and educational purposes only. It is not intended as financial advice or trading recommendations. Trading involves risks, and it's essential to conduct thorough research and practice proper risk management techniques.
Inversion Fair Value Gap Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Inverse Fair Value Gap Screener! This screener can provide information about the latest Inverse Fair Value Gaps in up to 5 tickers. You can also customize the algorithm that finds the Inverse Fair Value Gaps and the styling of the screener.
Features of the new Inverse Fair Value Gap (IFVG) Screener :
Find Latest Inverse Fair Value Gaps Across 5 Tickers
Shows Their Information Of :
Latest Status
Number Of Retests
Consumption Percent
Volume
Customizable Algorithm / Styling
📌 HOW DOES IT WORK ?
A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. An Inverse Fair Value Gap is when a FVG becomes invalidated, thus reversing the direction of the FVG.
IFVGs get consumed when a Close / Wick enters the IFVG zone. Check this example:
This screener then finds Fair Value Gaps across 5 different tickers, and shows the latest information about them.
Status ->
Far -> The current price is far away from the IFVG.
Approaching ⬆️/⬇️ -> The current price is approaching the IFVG, and the direction it's approaching from.
Inside -> The price is currently inside the IFVG.
Retests -> Retest means the price tried to invalidate the IFVG, but failed to do so. Here you can see how many times the price retested the IFVG.
Consumed -> IFVGs get consumed when a Close / Wick enters the IFVG zone. For example, if the price hits the middle of the IFVG zone, the zone is considered 50% consumed.
Volume -> Volume of a IFVG is essentially the volume of the bar that broke the original FVG that formed it.
🚩UNIQUENESS
This screener can detect latest Inverse Fair Value Gaps and give information about them for up to 5 tickers. This saves the user time by showing them all in a dashboard at the same time. The screener also uniquely shows information about the number of retests and the consumed percent of the IFVG, as well as it's volume. We believe that this extra information will help you spot reliable IFVGs easier.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan Fair Value Gaps here. You can also enable / disable them and set their individual timeframes.
2. General Configuration
FVG Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
IFVG Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation. This setting also switches the type for IFVG consumption.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivities resulting in spotting bigger FVGs, and higher sensitivities resulting in spotting all sizes of FVGs.
Auto-magnifier / quantifytools- Overview
Auto-magnifier shows a lower timeframe view of candles and volume bars inside any main timeframe candle by zooming into it. Candles and volume bars as they develop are shown chronologically from left to right. By default, magnifier is triggered when less than 3 candles are visible on the chart.
By default, 20 lower timeframe candles are displayed by splitting main timeframe into 20 parts. The amount of candles displayed is a target rate, meaning the script will use a lower timeframe that has the closest match to 20 candles and therefore will vary a bit. Users can override automatic timeframe calculation and opt in to display any specific lower timeframe or adjust amount of candles shown (e.g. 20 -> 30 candles) per each main timeframe candle.
Example
Main timeframe set to 30 minute, candles displayed set to 20 -> Magnifying using 2 minute candles (30 minute/20 candles = 1.5 min, rounded to 2 min)
Main timeframe set to 30 minute, override set to 5 minutes -> Displaying 5 minute candles
Size of volume bars is calculated using relative volume (volume relative to volume SMA20), lowest bar representing relative volume values of under or equal to 1x the moving average and from there onwards progressively growing.
- Limitations and considerations
Amount of candles shown might flow over from the background on smaller screen sizes, in which case you would want to decrease the amount shown. Opposite is true for bigger screens, this value can be increased as more candles fit.
This indicator involves a lot of tricks with text elements to make it work automatically by zooming in. Size of wicks, bodies and volume bars are calculated by adding more text elements on big candles and less text elements on smaller candles. This means the displayed candles won't be a 100% match, but a rather a fair representation of the view, e.g. candle is green = lower timeframe candle is green, candle has a big wick = lower timeframe candle has a big wick (but not a 100% match).
Example
Magnified lower timeframe chart vs. Actual lower timeframe chart
Most mismatch will be found on the price levels where lower timeframe candles are shown, which is sacrificed for the sake of getting a better readability on the overall shape of lower timeframe price action. Users can alternatively optimize calculations for more accuracy, giving a better representation of the price levels where candles truly originated. This typically comes with the cost of worse readability however.
Example
Optimized for readability vs. Optimized for accuracy
- Visuals
All visual elements are fully customizable.
Breaker Blocks Screener | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Breaker Blocks Screener! This screener can provide information about the latest breaker blocks in up to 5 tickers. You can also customize the algorithm that finds the breaker blocks and the styling of the screener.
Features of the new Breaker Blocks Screener :
Find Latest Breaker Blocks Accross 5 Tickers
Latest Status, Restests & Volume
Customizable Algoritm / Styling
📌 HOW DOES IT WORK ?
Breaker blocks form when an order block fails, or "breaks". It is often associated with market going in the opposite direction of the broken order block, and they can be spotted by following order blocks and finding the point they get broken, ie. price goes below a bullish order block.
The volume of a breaker block is simply the total volume of the bar that the original order block is broken. Often the higher the breaking bar's volume, the stronger the breaker block is.
This screener then finds breaker blocks accross 5 different tickers, and shows the latest information about them.
Status ->
Far -> The current price is far away from the breaker block.
Approaching ⬆️/⬇️ -> The current price is approaching the breaker block, and the direction it's approaching from.
Inside -> The price is currently inside the breaker block.
Retests -> Retest means the price to invalidate the breaker block, but failed to do so. Here you can see how many times the price retested the breaker block.
For the volume, check the top of the "How Does It Work" section.
🚩UNIQUENESS
This screener can detect latest breaker blocks and give information about them for up to 5 tickers. This saves the user time by showing them all in a dashboard at the same time. The screener shows the number of the retests of the breaker block as an unique trait. Another unique ability of the screener is that it shows the latest valid breaker block's volume in the dashboard.
⚙️SETTINGS
1. Tickers
You can set up to 5 tickers for the screener to scan breaker blocks here. You can also enable / disable them and set their individual timeframes.
2. General Configuration
Zone Invalidations -> Select between Wick & Close price for Order & Breaker Block Invalidation.
Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
PA Helper - Draw Next 5 CandlesA user-friendly tool designed for a quick visual preview of the next 5 candles on your trading chart.
Here's how to use it effortlessly:
Set Open Prices:
Adjust the open prices for the upcoming 5 candles using the inputs labeled Next close #1 to Next close #5.
Toggle Candles:
Use the checkboxes (p1 to p5) to enable or disable the drawing of each corresponding next candle.
Offset Option:
Customize your preview by toggling the offset option:
If offset is set to false, the drawing starts from the current candle's close, providing insight into the next 5 candles relative to the current one.
If offset is set to true, the drawing begins with the next candle, offering a preview of the upcoming 5 candles, effectively skipping the current one.
Visual Representation:
The indicator visually displays the next 5 candles on your chart based on your selected open prices, offering a clear and tailored insight into potential market movements.
Fair Value Gaps
Introducing the Fair Value Gaps (FVG) Indicator by OmegaTools, a distinctive and analytical tool designed for TradingView. This script meticulously identifies and visualizes fair value gaps within the market, offering traders a nuanced understanding of potential price movement areas that are not immediately apparent through traditional analysis.
Concept and Methodology:
Fair Value Gaps are identified as areas on a chart where the price has skipped over, leaving a 'gap' that has not been filled. These gaps often occur due to sudden market movements triggered by news events, changes in market sentiment, or large orders that move the price significantly. The FVG Indicator detects these gaps by analyzing price action and identifying discrepancies between high and low prices over a specified period. This approach is rooted in the belief that markets tend to return to these unfilled spaces, providing potential opportunities for traders.
How It Works:
The indicator scans the chart for gaps between the high of one session and the low of the next (or vice versa), marking these gaps visually for easy identification.
Users can customize the lookback period to adjust the sensitivity of the indicator to recent versus historical data.
The FVG Indicator employs color-coding to distinguish between bullish and bearish gaps, allowing traders to quickly gauge market sentiment around these gaps.
Using the FVG Indicator:
Apply the indicator to any chart on TradingView and adjust the input settings, including the extension of FVGs and aesthetic preferences like color, to suit your analysis style.
Use the visual cues provided by the FVG Indicator to identify potential areas where the market may move to fill the gaps.
Combine the insights from the FVG Indicator with other technical analysis tools or fundamental analysis to validate potential trading opportunities.
Originality and Usefulness:
The FVG Indicator stands out due to its focused approach to identifying and visualizing fair value gaps, a concept that is often overlooked in conventional market analysis. By providing a clear visual representation of these gaps, the indicator adds depth to market analysis, aiding in the identification of potential price reversal zones or continuation signals.
Disclaimer and Responsible Use:
The financial markets are complex and unpredictable. The FVG Indicator is designed to offer analytical insights and should be used as part of a comprehensive trading strategy. It does not guarantee profits or predict market movements with absolute certainty. Traders are encouraged to use this tool judiciously, alongside proper risk management practices. Remember, past performance does not guarantee future results, and trading involves risks, including the potential loss of investment.
FTR Rules BoS/ChoCh MarkupThis indicator marks Break of Structure (BoS) and Change of Character (ChoCh) in the price structure on your charts. It runs on any timeframe. This indicator is useful for determining if you are seeing a trend change in the market or if you are only seeing a pullback with the market continuing in the direction of the trend. The indicator will look for price to break the previous BoS line or ChoCh line to mark a new BoS. When a BoS line is broken, it will then look for the lowest or highest pullback (depending on which way the market is trending) between to 2 BoS lines to mark the ChoCh line. When the ChoCh line is broken, it will mark that line as BoS and the previous BoS line will become ChoCh.
What makes this indicator unique from other BoS and ChoCh indicators is that it follows specific rules used by the FTR Trading group. The main difference is that the ChoCh line isn't changed to a BoS line from only a candle wick break. You will need a candle body break to move your BoS line to ChoCh. If a candle wick breaks your ChoCh line, you simply extend the ChoCh line to the new high or low of the wick. There are smaller differences that are proprietary to the FTR strategy.
QuantumTrader Suite - Chart WatermarkThis "Indicator" allows you to add a watermark to your chart. This allows you to add things such as your name and trading goals / affirmations to your chart to remind you everytime you load up the charts.
The following Features are fully customisable:
Title
Subtitle
Position, Text Size, Text Color, and Background of the title and subtitle
Equal Highs & Lows [UAlgo]
🔶 Description:
The "Equal Highs/Lows " indicator is designed to identify equal highs and lows within price action. These levels are significant as they often indicate potential reversal points or areas of consolidation in the market. The indicator is based on specific settings and utilizes the concept of Average True Range (ATR) to determine thresholds for identifying these key price levels.
The indicator plots lines and labels to mark equal highs and lows on the price chart.
It dynamically adjusts to changes in market volatility by utilizing ATR-based thresholds.
🔶 Settings:
Pivot Length: Determines the number of bars used to identify pivot highs and lows.
ATR Length to calculate threshold: Specifies the length of the ATR used to calculate the threshold for determining equal highs and lows.
Threshold: Sets the percentage threshold used in conjunction with ATR to identify equal highs and lows.
Wait For Confirmation: When enabled, the indicator waits for confirmation by considering pivots beyond (considers right length bars while calcuation pivot points) the specified length.
While "Wait For Confirmation" is enabled, EQH / EQL Lines will appear after "Pivot Length" after for confirmation
While "Wait For Confirmation" is disabled, EQH / EQL Lines will appear immediately if it meets the requirements to create EQH or EQL as soon as the candle closes.
🔶 Disclaimer:
"Equal Highs/Lows " is provided for informational and educational purposes only. Trading involves risks, and users should exercise caution and perform their own analysis before making any trading decisions based on this indicator. The creator of the indicator, UAlgo, does not guarantee the accuracy or reliability of the indicator, and usage of this indicator is at the user's own risk.
Inversion Fair Value Gaps | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Inversion Fair Value Gaps (IFVG) indicator! Inversion Fair Value Gaps occur when a Fair Value Gap becomes invalidated. They reverse the role of the original Fair Value Gap, making a bullish zone bearish and vice versa. With this indicator, you can now see the volume of the bar that invalidated the FVG, which is also the bar that IFVG occurred. For more information about the process, read the " HOW DOES IT WORK " section of the description.
Features of the IFVG Indicator :
Render Bullish / Bearish IFVG Zones
See The Occurrence Volume Of The IFVG Zones
Combination Of Overlapping FVG Zones
Variety Of Zone Detection / Sensitivity / Filtering / Invalidation Settings
High Customizability
🚩UNIQUENESS
This indicator stands out with its ability to render the occurrence volume of IFVGs. Also the ability to combine overlapping FVG zones will result in cleaner charts for traders. You can customize the FVG Filtering method, FVG & IFVG Zone Invalidation, Detection Sensitivity etc. according to your strategy to get the best performance from the indicator.
📌 HOW DOES IT WORK ?
A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. An Inversion Fair Value Gap is when a FVG becomes invalidated, thus reversing the direction of the FVG.
⚙️SETTINGS
1. General Configuration
FVG Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
IFVG Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
Show Historic Zones -> If this option is on, the indicator will render invalidated IFVG zones as well as current IFVG zones. For a cleaner look at current IFVG zones which are not invalidated yet, you can turn this option off.
Master Fren Jedi HelperDescription:
The "Master Fren Jedi Helper" is a TradingView indicator designed to enhance trading analysis by plotting distinct lines at crucial times of the trading day.
This indicator is an invaluable tool for traders who focus on intraday price movements and patterns around specific times. Its primary features include:
Customizable Time Markers: The script allows users to mark specific times of the day with lines of different colors and styles. These times are adjustable based on the user's timezone and preferences.
Configurable Line Properties: Users can customize the color and style of each line. The script offers options for a green line at 7 AM, a red line at 11 AM, a grey line at midnight, and a yelow line to denote the daily open.
Time Zone Adjustment: To work with New York time zone, you have ability to adjust for different time zones. Users can input their time zone offset, advised to use UTC -5 allowing the script to plot the lines accurately according to their local time.
Day Labels: The indicator also labels each day of the week at midnight, providing a clear and easy way to track the days on the chart.
Functionality Overview:
Green Line at 7 AM: This line helps identify the early morning market sentiment. Users can customize the color and style of this line.
Red Line at 11 AM: Plotted to highlight mid-morning price levels, this line is also customizable in color and style.
Grey Line at Midnight: Marks the start of a new trading day. The line style and color can be personalized.
Yellow Line for Daily Open: Indicates the opening price of the day. The line's color and style are adjustable.
Time Zone Configuration: Users can set their local time zone to ensure the lines correspond accurately with their specific market hours.
Day of the Week Labels: Each midnight is labeled with the day of the week, aiding in the weekly analysis of price patterns.
This indicator is perfect for traders who need to quickly identify key times and price levels each day. It's easily configurable to suit various trading strategies and assists in enhancing the visual representation of intraday market dynamics.
Swing IdentifierThe "Swing Identifier" is a custom Pine Script indicator designed for use in the TradingView platform. It serves to visually identify and mark swing highs and swing lows on a trading chart, which are key concepts in technical analysis. This script is comprehensive and customizable, making it a useful tool for traders looking to pinpoint potential trend reversals and support or resistance areas.
**Key Features of the 'Swing Identifier' Indicator:**
1. **Swing Range Input:**
- This input determines the number of bars to the left and right of the current bar that the script will examine to identify a swing high or low. A larger value will look for swings over a broader range, potentially identifying more significant swings but at the expense of sensitivity.
2. **Swing Strength Input:**
- The swing strength is set as a percentage and is used to filter out insignificant price movements. A swing high or low is only considered valid if the percentage change from the last swing is greater than this input value. This feature helps in avoiding false signals in sideways or less volatile markets.
3. **Use Wicks Option:**
- Users can choose whether to consider the wicks of the candles or just the closing prices in identifying swings. This feature adds flexibility, allowing the script to be tailored to different trading styles and strategies.
4. **Line Color Customization:**
- The color of the lines marking the swings can be customized, enhancing the visual appeal and readability of the chart.
**Operational Mechanics:**
1. **Identification of Swing Highs and Lows:**
- The script uses the `ta.pivothigh` and `ta.pivotlow` functions to identify swing highs and lows. Whether it uses the high/low of the candles or their closing prices is determined by the user's choice in the "Use Wicks" option.
2. **Drawing and Updating Lines:**
- When a new swing high or low is identified, and it meets the percentage change criteria from the previous swing, a line is drawn from the last swing low to the current high (or vice versa). If a new swing high (or low) is identified that is higher (or lower) than the previous one, the old line is deleted, and a new line is drawn.
3. **Swing Update Logic:**
- The script maintains a toggle mechanism to look alternatively for highs and lows. This ensures that it sequentially identifies a high and then a low (or vice versa), which aligns with how actual market swings behave.
**Usage in Trading:**
1. **Identifying Trend Reversals:**
- By marking swing highs and lows, the script helps traders identify potential trend reversals. A break of a swing low in an uptrend or a swing high in a downtrend could signal a change in the prevailing trend.
2. **Support and Resistance:**
- Swing highs and lows often act as levels of support and resistance. Traders can use these levels for setting entry or exit points, stop losses, and take profit orders.
3. **Customization for Strategy:**
- The customizable nature of the script allows traders to adjust the parameters according to their trading strategy, time frame, and asset volatility.
In summary, the "Swing Identifier" is a versatile and customizable tool that aids in visually identifying crucial price swing points, thereby assisting traders in making informed decisions based on technical analysis principles.
Order Blocks | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Volumized Order Blocks indicator! This new indicator can render order blocks with their volumetric information. It's highly customizable with detection, invalidation and style settings.
Features of the new Volumized Order Blocks indicator :
Render Bullish & Bearish Order Blocks
Enable / Disable Volumetric Information
Enable / Disable Historic Zones
Visual Customizability
📌 HOW DOES IT WORK ?
Order blocks occur when there is a high amount of market orders exist on a price range. It is possible to find order blocks using specific formations on the chart.
The high & low volume of order blocks should be taken into consideration while determining their strengths. The determination of the high & low volume of order blocks are similar to FVGs, in a bullish order block, the high volume is the last 2 bars' total volume, while the low volume is the oldest bar's volume. In a bearish order block scenario, the low volume becomes the last 2 bars' total volume.
🚩UNIQUENESS
The ability to render the total volume of Order Blocks as well as bullish / bearish volume ratio is what sets this Order Block indicator apart from others. Also the ability to combine overlapping Order Block zones will result in cleaner charts for traders.
⚙️SETTINGS
1. General Configuration
Volumetric Info -> The volumetric information of the Order Blocks will be rendered if activated.
Zone Invalidation -> Select between Wick & Close price for Order Block Invalidation.
Swing Length -> Swing length is used when finding order block formations. Smaller values will result in finding smaller order blocks.
Fair Value Gaps (Volumetric) | Flux Charts💎 GENERAL OVERVIEW
Introducing a brand new Fair Value Gaps (FVG) indicator, now with Volumetric Zones! You can now see the total volume of FVG zones, as well as their bullish & bearish volume ratio.
Features of the Volumetric FVG Indicator :
Render Bullish / Bearish FVG Zones
See Total Volume Of The FVG Zones
See The Ratio Of Bullish / Bearish Bar Volume Of FVG Zones
Combination Of Overlapping FVG Zones
Variety Of Zone Detection/ Sensitivity / Filtering / Invalidation Settings
High Customizability
🚩UNIQUENESS
The ability to render the total volume of FVGs as well as bullish / bearish volume ratio is what sets this FVG indicator apart from others. Also the ability to combine overlapping FVG zones will result in cleaner charts for traders.
⚙️SETTINGS
1. General Configuration
Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivities resulting in spotting bigger FVGs, and higher sensitivities resulting in spotting all sizes of FVGs.
Show Historic Zones -> If this option is on, the indicator will render invalidated FVG zones as well as current FVG zones. For a cleaner look at current FVG zones which are not invalidated yet, you can turn this option off.
Support and Resistance (MTF) | Flux Charts💎 GENERAL OVERVIEW
Introducing a groundbreaking support and resistance indicator designed to revolutionize your trading experience on TradingView! This innovative tool operates across three distinct timeframes, offering a comprehensive view of market dynamics to help you make informed trading decisions.
The indicator offers a large variety of features :
Select Up To 3 Timeframes
Select Strength Of Supports & Resistances
Select Between Zones & Lines
Show Breaks & Restests
Break & Retest Alerts
Avoid False Breaks
Inverse Color After Broken
Expand Lines & Zones
🚩UNIQUENESS
What sets this indicator apart is its ability to seamlessly integrate and analyze support and resistance levels across multiple timeframes simultaneously. By combining data from three different timeframes, this indicator provides a holistic perspective on market trends and key levels. The adaptive nature of this tool ensures a dynamic assessment of support and resistance zones, empowering traders to adapt to changing market conditions efficiently.
⚙️SETTINGS
1. General Configration
Support & Resistance Count -> Select between 1-3 support & resistance zones for each timeframe.
Pivot Range -> The pivot range is taken into calculations when finding high & low pivots in the chart. Increase if you need a more general look at the support & support zones, or decrease if you need a more detailed look.
Strength -> The strength of the support & resistance zones are determined by how many times the price touched the zone in the past. You can increase the strength up to 4.
Expand Lines & Zones -> If enabled, the support & resistance zones will be expanded to both left and right infinitely. If disabled, the support & resistance zones will be clamped between the time they are first seen, and the time they become broken.
2. Support & Resistance Zones
Enable Zones -> The support & resitsance lines will be converted to zones if enabled.
Zone Width -> The width of the zones. 1 -> %0.05, 2 -> %0.06, 3 -> %0.075.
3. Timeframes
Enable & Disable up to 3 different timeframes using the checkboxes. You can set the timeframes using the selectboxes.
4. Breaks & Retests
Show Breaks -> Points the break points with a blue label with the text "B" on it.
Show Retests -> Points the times when the support & resistance zones are being retested in the current chart.
Avoid False Breaks -> If enabled, the algorithm will try to avoid false break points by comparing the average volume of the point to a longer average volume.
Break Volume Threshold % -> If "Avoid False Breaks" option is enabled, the average volume of the break point should surpass the general average volume by this percent. Higher values mean it's less likely to be a break.
Inverse Color After Broken -> As broken support & resistance zones often become resistance & support zones respectively, if you enable this option the broken zones will inverse their color.
5. Alerts
To make the alerts work, you'll need to add an alert to the chart using the TradingView® alert feature.
Enable Retest Alerts -> You will receive alerts when restests happen on any of the support & resistance zones. "Show Retests" option needs to be enabled to get alerts of this category.
Enable Break Alerts -> You will receive alerts when breaks happen on any of the support & resistance zones.
NAS100 - 5 Minute Opening Range with EMAsThis indicator is designed for traders who focus on the opening range breakout strategy and use EMAs as part of their trading decisions. The script markes the first 5 min opening candle and generates Buy and Sell signals calculating EMA.
Basic features are :
User Inputs: Allows users to enable/disable alerts and choose to display Exponential Moving Averages (EMAs) for 5, 20, and 50 periods.
Opening Range Calculation: It calculates the first five minutes of the trading day, adjusting for different chart timeframes.
New Day Detection: Determines if the current bar is the first bar of a new day.
Data Storage: Utilizes arrays to store opening range highs, lows, start bars, and last bars for the last five days.
Daily Updates: Updates the stored data at the start of each new day, maintaining data for only the last five days.
Opening Range Plotting: Plots the opening ranges (high and low) for the past five days, with special plotting and filling for the current day.
EMA Calculation and Plotting: Calculates and plots EMAs (5, 20, and 50 periods) if enabled.
Alert Conditions: Sets up conditions for alerts when the price crosses above or below the current day's opening range.
Signal Generation: Generates buy and sell signals based on the relationship of the closing price to the opening range and the position of EMA5 relative to EMA50.
Signal Plotting: Plots buy and sell signals as triangles on the chart.
Liquidity Price Depth Chart [LuxAlgo]The Liquidity Price Depth Chart is a unique indicator inspired by the visual representation of order book depth charts, highlighting sorted prices from bullish and bearish candles located on the chart's visible range, as well as their degree of liquidity.
Note that changing the chart's visible range will recalculate the indicator.
🔶 USAGE
The indicator can be used to visualize sorted bullish/bearish prices (in descending order), with bullish prices being highlighted on the left side of the chart, and bearish prices on the right. Prices are highlighted by dots, and connected by a line.
The displacement of a line relative to the x-axis is an indicator of liquidity, with a higher displacement highlighting prices with more volume.
These can also be easily identified by only keeping the dots, visible voids can be indicative of a price associated with significant volume or of a large price movement if the displacement is more visible for the price axis. These areas could play a key role in future trends.
Additionally, the location of the bullish/bearish prices with the highest volume is highlighted with dotted lines, with the returned horizontal lines being useful as potential support/resistances.
🔹 Liquidity Clusters
Clusters of liquidity can be spotted when the Liquidity Price Depth Chart exhibits more rectangular shapes rather than "V" shapes.
The steepest segments of the shape represent periods of non-stationarity/high volatility, while zones with clustered prices highlight zones of potential liquidity clusters, that is zones where traders accumulate positions.
🔹 Liquidity Sentiment
At the bottom of each area, a percentage can be visible. This percentage aims to indicate if the traded volume is more often associated with bullish or bearish price variations.
In the chart above we can see that bullish price variations make 63.89% of the total volume in the range visible range.
🔶 SETTINGS
🔹 Bullish Elements
Bullish Price Highest Volume Location: Shows the location of the bullish price variation with the highest associated volume using one horizontal and one vertical line.
Bullish Volume %: Displays the bullish volume percentage at the bottom of the depth chart.
🔹 Bearish Elements
Bearish Price Highest Volume Location: Shows the location of the bearish price variation with the highest associated volume using one horizontal and one vertical line.
Bearish Volume %: Displays the bearish volume percentage at the bottom of the depth chart.
🔹 Misc
Volume % Box Padding: Width of the volume % boxes at the bottom of the Liquidity Price Depth Chart as a percentage of the chart visible range
